Services and finance in London

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(The Bank of England, central bank of the United Kingdom) Approximately 85% of the population of Greater London (3.2 million people) work in the service sector. 500,000 people work in industry and construction (in equal proportions). London has five major … Read More

Loans

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A loan is a long-term financial debt, while debt in the medium and short term are usually called “credits”. A loan is a debt that has to be returned respecting specified stages (funds provided under contractual arrangements with the exception … Read More

Risk premium

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A risk premium is the minimum difference between the expected value of an uncertain bet that a person is willing to take and the certain value that he is indifferent to. Example Suppose a game show participant may choose one … Read More

Mass of Media: Banking crisis in Europe

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UPDATE 1-ECB’s Nowotny: no systemic banking crisis in Europe Reuters VIENNA, Sept 30 (Reuters) – Europe’s banking sector is not in a systemic crisis and does not need a bailout similar to the one planned in the United States, … … Read More